Notice of Remedial Action Sample Clauses

Notice of Remedial Action. (a) The Senior Note Trustee agrees to provide prompt notice to the Exchangeable Note Trustee and the Collateral Agent in the event that (i) an Event of Default has occurred with respect to the Senior Note Obligations; (ii) the Senior Note Trustee has commenced or has been instructed to commence the exercise of any remedies as a result thereof pursuant to the Senior Note Indenture or (iii) the Senior Note Obligations have become due and payable (by acceleration or otherwise).
AutoNDA by SimpleDocs
Notice of Remedial Action. The defaulting Party must immediately – not exceeding three (3) Banking Days from the day it becomes aware of it – give notice of the Event of Default to the other Party in writing, specifying the underlying reasons and detailing whether it believes the Event of Default can be cured. If it does, the defaulting Party shall propose the appropriate remedial action and set out a firm timeframe when this action would be complete (“Remedial Action”).
Notice of Remedial Action. The Lessor shall furnish the Indenture Trustee with prior written notice of any remedy to be undertaken by it pursuant to Article 20 of the Lease.
Notice of Remedial Action. (a) The Working Capital Facility Agent agrees to provide prompt notice to the Trustee and the Collateral Agent in the event that (i) an Event of Default has occurred with respect to the Working Capital Facility Obligations; (ii) the Working Capital Facility Agent has commenced or has been instructed to commence the exercise of any remedies as a result thereof pursuant to the Working Capital Facility Agreement or (iii) the Working Capital Facility Obligations have become due and payable (by acceleration or otherwise).
Notice of Remedial Action. CMS must notify the Participant and, if CMS deems appropriate, a Downstream Episode Initiator, Participating Practitioner, NPRA Sharing Partner, NPRA Sharing Group Practice Practitioner, BPCI Advanced Entity, or other individual or entity performing functions or services related to BPCI Advanced Activities of the violation before taking any remedial action under this Article 20.‌
Notice of Remedial Action. The Administrative Agent agrees to provide prompt notice to the Trustee and the Collateral Agent in the event that an Event of Default has occurred with respect to the Credit Facility Obligations and the Administrative Agent has commenced or has been instructed to commence the exercise of any remedies as a result thereof pursuant to Section 9.03 of the Credit Agreement. The Trustee agrees to provide prompt notice to the Administrative Agent and the Collateral Agent in the event that an Event of Default has occurred with respect to the Note Obligations and the Trustee has commenced or has been instructed to commence the exercise of any remedies as a result thereof pursuant to Article VI of the Indenture.

Related to Notice of Remedial Action

  • Notice of Third Party Claims Pursuant to Public Contract Code Section 9201, District shall provide Contractor timely notification of the receipt of any third-party claim relating to this Contract. District shall be entitled to recover its reasonable costs incurred in providing such notification.

  • Environmental Remediation Failure to remediate (or pursue the remediation process with due diligence and good faith) within the time period required by law or governmental order, (or within a reasonable time in light of the nature of the problem if no specific time period is so established), environmental problems in violation of Applicable Law related to Properties of the Borrower and/or its Subsidiaries where the estimated cost of remediation is in the aggregate in excess of Seventy-Five Million Dollars ($75,000,000), in each case after all administrative hearings and appeals have been concluded.

Time is Money Join Law Insider Premium to draft better contracts faster.